Priority Income Fund Declares Weekly and Bonus Distributions for June
2018 through August 2018

June 05, 2018 10:07 AM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund")
announced today a series of distributions with weekly record dates and
payable monthly to the stockholders of record as of the close of
business each week from June 1, 2018 through August 31, 2018. The
declared distributions equal a weekly amount of $0.02195 per share of
common stock.

Distributions for the June 1, 8, 15, 22 and 29 record dates will be
paid on or around July 2, 2018.

Distributions for the July 6, 13, 20, and 27 record dates will be paid
on or around July 30, 2018.

Distributions for the August 3, 10, 17, 24 and 31 record dates will be
paid on or around September 4, 2018.

The Fund's board of directors has also declared a bonus distribution
of $0.08888 per share of common stock. This is the 18th bonus
distribution that the Fund has declared. The bonus distribution is
payable on or around July 2, 2018, to stockholders of record at the
close of business on June 29, 2018.

"Once again, we are very pleased that Priority Income Fund continues to
provide stockholders with attractive distributions," said Nishil Mehta, Managing
Director of Prospect Capital Management L.P. "Additionally, the Fund's
total annualized distribution rate in the trailing twelve months for
Class R shares was just under 10 percent as of May 31, 2018."

The marketing period for the Priority Income Fund is currently expected
to continue until November 2nd, 2019 and the Fund anticipates
accepting subscriptions until that date. If advisors have questions
about the Fund, please call Destra Capital (the Fund’s sub-distributor)
at (877) 855-3434.

About Priority Income Fund

Priority Income Fund, Inc., is a registered closed-end fund that was
created to acquire and grow an investment portfolio primarily consisting
of senior secured loans or pools of senior secured loans known as
collateralized loan obligations ("CLOs"). Such loans will generally have
a floating interest rate and include a first lien on the assets of the
respective borrowers, which typically are private and public companies
based in the United States. For more information, visit priority-incomefund.com.

About Prospect Capital Management L.P.

Headquartered in New York City, Prospect is an SEC-registered investment
adviser that, along with its predecessors and affiliates, has a more
than 25-year history of investing in and managing high-yielding debt and
equity investments using both private partnerships and publicly traded
closed-end structures. Prospect and its affiliates employ a team of
approximately 100 professionals who focus on credit-oriented investments
yielding attractive current income. Prospect has $6.2 billion of assets
under management as of March 31, 2018. For more information, call
212.448.0702 or visit prospectcapitalmanagement.com.

Past performance is not indicative of future performance. Our
distributions may exceed our earnings, and therefore, portions of the
distributions that we make may be a return of the money that you
originally invested and represent a return of capital to you for tax
purposes. Such a return of capital is not immediately taxable, but
reduces your tax basis in our shares, which may result in higher taxes
for you even if your shares are sold at a price below your original
investment.

Forward-Looking Statements

This press release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the future performance of Priority
Income Fund, Inc. Words such as "believes," "expects," "projects," and
"future" or similar expressions are intended to identify forward-looking
statements. Any such statements, other than statements of historical
fact, are highly likely to be affected by unknowable future events and
conditions, including elements of the future that are or are not under
the control of Priority Income Fund, Inc. and that Priority Income Fund,
Inc. may or may not have considered; accordingly, such statements cannot
be guarantees or assurances of any aspect of future performance. Actual
developments and results are highly likely to vary materially from any
forward-looking statements. Such statements speak only as of the time
when made, and Priority Income Fund, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.